Tackling Climate Risk to Build Economic Resilience

09/24/24 • 15 min

With record heatwaves, drought, wildfire and other perils, how can the insurance industry protect and fuel innovation in the face of climate challenges?

Featured in this episode:

Petra Schmidt, global industry leader, Enterprise Client Group
Liz Henderson, global head of Climate Risk Advisory

[1:50] The impact of climate risk on employees
[2:37] Heat stress is often underrepresented in climate models
[4:15] Key proactive considerations for employers when handling extreme heat
[5:50] Tangible strategies for reducing carbon footprint
[10:41] The value of expert risk transfer support

Additional Resources:

Aon’s website

Special Edition: Preparing Business for Changing Weather

Climate Analytics Unlock Capital to Protect People and Property

2024 Client Trends Report: Better Decisions in Trade, Technology, Weather and Workforce

Tweetables:

“Any organization that has started to experience extreme weather events and the impact they have on the ability to be resilient in the face of climate change are starting to feel the pain of ignoring the implications of climate on people.” — Liz Henderson
“Heat is going to impact people before it impacts anything else.” — Liz Henderson
“Having a tangible, quantifiable transition plan is part of your risk management strategy.” — Liz Henderson
“Insurance is your ally, and oftentimes it is the key to unlocking investment into your organization.” — Liz Henderson

With record heatwaves, drought, wildfire and other perils, how can the insurance industry protect and fuel innovation in the face of climate challenges?

Featured in this episode:

Petra Schmidt, global industry leader, Enterprise Client Group
Liz Henderson, global head of Climate Risk Advisory

[1:50] The impact of climate risk on employees
[2:37] Heat stress is often underrepresented in climate models
[4:15] Key proactive considerations for employers when handling extreme heat
[5:50] Tangible strategies for reducing carbon footprint
[10:41] The value of expert risk transfer support

Additional Resources:

Aon’s website

Special Edition: Preparing Business for Changing Weather

Climate Analytics Unlock Capital to Protect People and Property

2024 Client Trends Report: Better Decisions in Trade, Technology, Weather and Workforce

Tweetables:

“Any organization that has started to experience extreme weather events and the impact they have on the ability to be resilient in the face of climate change are starting to feel the pain of ignoring the implications of climate on people.” — Liz Henderson
“Heat is going to impact people before it impacts anything else.” — Liz Henderson
“Having a tangible, quantifiable transition plan is part of your risk management strategy.” — Liz Henderson
“Insurance is your ally, and oftentimes it is the key to unlocking investment into your organization.” — Liz Henderson

Previous Episode

Better Being Series: Why Nutrition Matters

Chronic diseases caused by a poor diet are responsible for more than 70 percent of all deaths globally, making healthy food choices a critical component of overall health and wellness. What — and how much — you eat is the leading factor for heart disease, stroke, diabetes and certain cancers. Today’s Better Being episode talks about the impact nutrition has on productivity, the steps you can take to improve your health and the importance of making sustainable and healthy diet choices.

Experts in this episode:
Rachel Fellowes, Chief Wellbeing Officer, Aon
Dr. Michael Greger, M.D. FACLM, Founder, President, NutritionFacts.org

[3:45] Why nutrition is essential in wellbeing
[4:56] Diet is a combination of what you eat and how you eat it
[5:41] The direct impact of nutrition on productivity
[6:40] Key tips for improving health from Dr. Greger
[7:57] Considerations for obtaining quality food intake
[8:37] The impact of diet on work productivity
[10:15] Recent findings from landmark health studies
[12:48] The importance of sustainable and healthy lifelong choices

The content made available in this podcast is provided for informational purposes. Remember to consult your doctor or other health care provider before beginning a new diet or exercise program.

Additional Resources:

Aon’s website

Better Being Series: Discover the ‘Blue Zones’ Where People Live Longer

Better Being Series: Improving Your Financial Wellbeing

Better Being Series: Are You Taking Care of Your Digital Wellbeing?

Better Being Series Dives into Women’s Health

Rachel Fellowes LinkedIn

Aon’s Workplace Wellbeing

Aon’s 2022-2023 Global Wellbeing Survey

Dr. Michael Greger Resources

Tweetables:

“The number one source of death in the U.S., the UK and the world more broadly is humanity’s diet.” — Dr. Michael Greger
“Diet is the single most important decision we can make in terms of our health and wellbeing.” — Dr. Michael Greger
“The good news is that we have tremendous power over our health, destiny and longevity.” — Dr. Michael Greger
“Real foods that grow out of the ground are our healthiest choices.” — Dr. Michael Greger
“In terms of productivity and diet, it’s really all about health.” — Dr. Michael Greger

Next Episode

Client Spotlight: Building a Cyber-Resilient Supply Chain

How can businesses keep abreast of the evolving cyber risk landscape — especially when it comes to supply chain and regulatory trends? In this week’s episode, Cristina Palomo from Schneider Electric, Aon’s client, discusses new regulations, the changing landscape around cyber risk and how companies can successfully manage a cyber crisis.

Featured in this episode:
Eddie McLaughlin, Global Practice Leader, AGRC, Aon
Cristina Palomo, Cybersecurity Risk & Compliance Director Governance, Schneider Electric

[1:55] Significant cyber risk landscape changes in recent years
[3:08] The digital transformation program at Schneider Electric
[6:26] Determining and mitigating third party risk
[10:13] Regulatory risk in the face of compliance on a global scale
[13:53] Reputation risk in Schneider’s cyber risk management program
[16:12] The potential for managing a cyber crisis event well

Additional Resources:

Aon’s website

2023 Cyber Resilience Report

Overcoming the Reputational Cost of Cyber Attacks: The 10-Day Plan

Schneider Electric Website

Tweetables:

“The cyber landscape has been continuously evolving, making it increasingly challenging for companies to anticipate and prepare for the diverse range of threats.” — Cristina Palomo
“When we identify any cyber regulation that affects us and requires compliance, we have a systematic and repetitive approach.” — Cristina Palomo
“Reputation risk is embedded in every single cyber risk scenario that we assess.” — Cristina Palomo